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speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when the president raised the issue of increasing revenue, there was no, "no, we're not going to do that" from republicans, and when republicans talked about entitlement reform, the president agreed that was something that has to be done. >> well, it sounds good, but do you think when it comes down to the brass tacks both sides are actually ready to bend a bit? >> reporter: i think they're ready to bend than they were going into that whole debacle that was the debt situation. there are some specifics that need to be sorted out for sure, exactly how to raise revenue. as you know, democrats would like to raise taxes on the wealthy. republicans prefer to close loopholes, eliminate deduc
$250,000. >> republicans under speaker boehner are saying, look, that's not going to happen. where is the wiggle room? how would you advise the president, the republicans to come up with something that's workable? >> well, you know, some sg is going to happen anyway, suzanne. if they don't reach agreement before the end of the year. those tax rates are going to go up, and the question is how long can the republicans in congress hold out once that happens, and they're going to be held responsible. there was a poll out yesterday that showed people will blame the congressional republicans for going off the fiscal cliff. people decide they had agreed with the president. the president has leverage. after the first of the year he is going to have more help in the senate, more help in the house, and he will have automatically higher tax rates, so the question will be will the republicans in the house and senate vote to lower the rates for the middle class because they will have gone up. one way or the other it will be resolved. that $3,500 tax on families, it's not going to happen. the qu
and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind of thick. do we have any sense of whether or not there were any different kind of tone or language when they were meeting behind closed doors that gives us a sense that maybe this is real? >> you know, i t
when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sidelines. i can't hire a lot of people, i can't invest in a lot of infrastructure because i don't know what the landscape is going to be in the next 45 days. i don't know what the landscape is going to be in the next three months. so there's a lot of holdup. now,
at this point is likely no because even the top republican in congress, house speaker john boehner yesterday threw cold water on it saying he doesn't think it's necessary and the top democrat in the senate says the same thing, and others, as well. i have to tell you something that just happened on capitol hill, and that is our senate producer ted barrett just ran into john mccain and asked about something that we're hearing from democrats, which is john mccain is calling for more information to congress, but he had a press conference yesterday instead of going to a closed briefing where administration officials were giving more information. well, ted barrett asked john mccain about that, and it was apparently an intense very angry exchange and mccain simply would not comment on it at all. >> so this is just getting uglier and uglier, at least more passionate, shall we say, dana bash. >> absolutely. >> thanks so much. >>> the gop republicans struggling with its party identity after losing the presidential election last tuesday and it's not just pundits trying to figure out why the republicans
Search Results 0 to 4 of about 5